Securitize Clears SEC Registration Hurdle, Moves Toward NYSE Listing
Tokenization firm Securitize, known for managing BlackRock's BUIDL fund, has received SEC approval for its merger registration statement, clearing a key step toward a public listing on the NYSE under the ticker SECZ. The SPAC merger is expected to close following a shareholder vote anticipated later this month. The development marks a significant milestone for a firm at the intersection of institutional asset tokenization and public markets.
Securitize, the tokenization specialist that manages BlackRock's BUIDL fund, has received approval from the SEC for its merger registration statement. This clears one of the most significant regulatory hurdles on its path to listing on the New York Stock Exchange under the ticker symbol SECZ.
The company is pursuing a SPAC merger structure to reach public markets. The merger is expected to close shortly after a shareholder vote by CEPT shareholders, which is scheduled to take place later this month, assuming it receives approval.
Securitize has established itself as a major operator in the tokenized real-world assets space, a sector that has drawn significant institutional interest. Its role administering BlackRock's BUIDL fund has positioned it as a prominent name in the intersection of traditional finance and on-chain infrastructure.
While Securitize operates across multiple blockchain networks, its activity in the tokenized asset space is directly relevant to the broader XRPL real-world asset ecosystem, as the XRPL has been an active venue for tokenization efforts and institutional product development.
Key facts
- •Securitize received SEC approval for its merger registration statement
- •The company plans to list on the NYSE under the ticker SECZ
- •A SPAC merger structure is being used to go public
- •A CEPT shareholder vote is expected later this month
- •Securitize manages BlackRock's BUIDL tokenized fund
- •The merger is expected to close shortly after the shareholder vote if approved